Member Info for billyrvalentine

A large sell at 40p way below bid which dragged the SP down.

Urgently need an RNS clarifying 2023 performance plus the role change of CD who clearly was being transitioned out of the CFO role if they’d commenced recruiting before his decision to leave.

Shanker, can you provide a statement to stabilise the SP and actually give shareholders the value deserved for their loyalty? Feeling shafted right now!!!

Salver2 - I think Chris Day was asked to perform a dual functional role as CFO /COO which had not been announced publicly and another opportunity has come his way. That’s how I read the RNS as it notes they were already looking for a new CFO (doesn’t say COO dual role?) as perhaps CD couldn’t cope?

RNS is very clear

Lords, a leading distributor of building materials in the UK, announces that Chris Day, Chief Financial Officer and Chief Operating Officer, has informed the Board of his decision to leave the Company to take up another professional opportunity.

Following Chris Day’s recent transition to a partially operational role within the Group, a formal process to identify and appoint a new Chief Financial Officer had already begun and is now at an advanced stage.

ALSO - they have good bank lending facilities so cash isn’t an issue.

They already previously said that sales and net profit would be slightly lower due to market pressures….. the investor chronicle noted this and they were a hold.

I think the numbers will be solid… RNS will confirm such and this will be back up 70p.

DYOR - BRV Capricorn

I just bought cheaper than the dummy quote I got to sell at after I bought?

a few sales and knock the price down 5p allowing for someone to get them cheap with existing shareholders losing huge amounts as the price remains way down although demand was double supply! **** take and absolutely market manipulation

The ink is very wet…expect a surge and recovery…the RNS is coming sooner.

BRV Capricorn

Big recovery tomorrow, we will see a huge jump once the RNS update arrives. Today was a MMs disaster…. Tomorrow the spread will widen and then we run high … finance is done. BRV Capricorn

I agree LawrenceH. It’s been the pattern, surge of selling then the buys. It will be built and there’s huge value to be had for shareholders old and new. Just patience for now….

Expecting a solid performance when the market conditions have been difficult with high inflation and interest rates.

Dividend should be held at prior level.

Improved margins.

Further acquisitions in pipeline I suspect.

T/O - £460mn

Net profit £15-16mn

Earnings 5.5p per share (net)

If the above is in line then that’s an excellent performance and the SP should adjust up to 70-80p as projections for 2024 and 2025 will see considerable growth in sales and profitability.

Also there’s every possibility of an offer for this well run group which would be in excess of £1

DYOR - BRV Capricorn

Strow … I hoped so m8 😂

Walster - 5 post and you know the history do you…… funny how you are mentioning the pub man and c…. b s!

Plenty happening behind the scenes and business new business in pipeline will significantly grow revenues. This is a company with firm foundations laid with technology solutions ready to be deployed. One to buy and hold - expect 40p … a reasonable 4 month target. BRV Capricorn

Interest rates falling so debt will cheaper in terms of coupon rate. There was a plethora of activity at the company offices this morning, suggesting things are fast moving. The deal is forthcoming but I feel equity valuation needs to tick up to 25p. This afternoon should be very good for all invested. The resistance level of 20p needs to be broken and then we’ll see new money pouring in with bullish RNS’s to follow. One may be out later today, it’s just a matter of time. BRV Capricorn

Strow - it is. Due Diligence…? What precisely is difficult here? It’s really simple…cost to finish £160mn. The banks, cornerstones and big boys are in deep so to protect their interest, it is a no brainier. RNS UPDATE IMMINENT - this will send the shares through 30p imho - BRV Capricorn

19p is the stubborn resistance level. All just buy a few more then once through it will be straight through to 25p. This is key. La Mancha has turned this around. PE is cut throat and Horizonte and PIs are in really safe hands now. RNS is imminent …these are not words of fantasy. BRV Capricorn

The deal is done and the next RNS will confirm that it is subject to inor iterations. At that point the Sp shoots to 35p minimum ready for 70p. Then equity can be raised deeply discounted at 30p raising £80mn …plus a smaller debt / loan (cln). Tomorrow will be a gr8 day … BRV Capricorn

20p is the next resistance level before the RNS and then it will rocket. BRV Capricorn

Nothing has changed and profit taken by some which is fair play and now a very good price to snap these up before the real takeoff. Strong level 2 will drive these up throughout the day with deal to be announced on the back of an equity recovery up-to 25p is the level I see as a target for the big guns providing new capital (debt)…. see you at 20p and not before! BRV Capricorn

Some great post I'm following and I agree there will a small equity raise at 25p (underwritten) to reduce the debt burden and give the opportunity to minimise dilution. An open offer is appropriate for this and there may also be a placing element too for new institutions.

My take is the mine is 85% complete and they need around £150mn to completion which is agreed in principle and the SP will now adjust upwards because of the positive sentiment and markets desire for supportive stance of the majority owners who have the capital to fund this even if solely debt issuance.

25p by close tomorrow is a must.

BRV Capricorn

I agree everyone has a voice. However, to continually talk the SP as worthless and act like a clown saying I’m only here to balance the rhetoric is b s. Sorry but I disagree. Over 20p tomorrow hopefully… BRV Capricorn

BRV Capricorn